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CapitaLand forms five subsidiaries

Singapore Business Review
CapitaLand forms five subsidiaries

Three will be based in the US.

CapitaLand established five wholly-owned subsidiaries as part of its business development.

According to an announcement, Adswood Pte Ltd and Adswood Investment Pte Ltd are investment holding companies established in Singapore. It has a paid-up share capital of $1 per ordinary share.

The three other companies will be based in the US.

Adswood Hotel REIT LLC and Adswood SM LLC will also serve as investment holding companies.

Meanwhile, Adswood TRS LLC will be the operating company in the US.

CapitaLand Group does not expect the formation of the subsidiaries to affect company performance for the year.

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